Robinhood CEO's Massive Stock Sale Raises Eyebrows

Strategic Insights -

Robinhood Markets, Inc. Chief Executive Officer Vladimir Tenev has made a significant stock sale, disposing of 6,915,914 shares of the company at a rate of $0 per share. According to a Form 4 filing with the Securities and Exchange Commission, Tenev sold the shares on September 12, 2025. The sale is a result of the vesting of Performance Stock Units (PSUs) granted to Tenev in 2019 under the company's Amended and Restated 2013 Stock Plan. These PSUs were tied to share-price goals, with portions vesting based on the achievement of specific share prices. The sale reflects the settlement of PSUs allocated to the $101.50 share price goal, which was achieved on a trailing 60-trading-day average daily VWAP basis.

Key Takeaways:

  • Vladimir Tenev, Chief Executive Officer of Robinhood Markets, Inc., disposed of 6,915,914 shares of the company at $0 per share on September 12, 2025.
  • The sale is a result of the vesting of Performance Stock Units (PSUs) granted to Tenev in 2019.
  • PSUs were tied to share-price goals, with portions vesting based on the achievement of specific share prices.
  • The $101.50 share price goal was achieved on a trailing 60-trading-day average daily VWAP basis.
  • Tenev's continued service as CEO was a condition for the vesting of the PSUs.
  • The sale reflects the settlement of PSUs allocated to the $101.50 share price goal.

Statistics:

  • 6,915,914 shares of Robinhood Markets, Inc. were sold by Vladimir Tenev.
  • The shares were sold at a rate of $0 per share on September 12, 2025.
  • 13,831,829 Performance Stock Units (PSUs) were granted to Tenev in 2019.
  • PSUs were tied to share-price goals of $30.45, $50.75, and $101.50.
  • 20% of the PSUs were allocated to the $30.45 share price goal.
  • 30% of the PSUs were allocated to the $50.75 share price goal.
  • 50% of the PSUs were allocated to the $101.50 share price goal.

Sources:

  • Form 4 filing with the Securities and Exchange Commission, filed on September 16, 2025.
  • Robinhood's Amended and Restated 2013 Stock Plan.
  • Terms of Vladimir Tenev's Performance Stock Units grant in 2019.